Markets Turning Focus to Fed's Long-Term Rate Path, Says Turnill

The video discusses the current state of the US housing market, noting a slight sogginess but an overall robust economic outlook with expected growth of 3% or more in the next 12 months. It highlights the impact of trade and policy uncertainties on consumer and business expectations. The Federal Reserve's policy of steadily raising interest rates is examined, with market expectations now aligned with this path. The discussion also covers the potential long-term path for interest rates and the implications of trade and fiscal policy risks.

What are the signals pointing to regarding the growth of the U.S. economy in the next 12 months?

How does rising uncertainty around trade and policy affect consumer and business expectations?

What is the Fed's current approach to interest rates as mentioned in the text?

What factors are investors focusing on regarding the Fed's response to rising uncertainty?

What is the longer-term path for interest rates in the United States according to the discussion?